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Dec 31, 2022
Liberty Latin America Q4 2022 Earnings Report
Reported revenue growth in the fourth quarter, led by strong performances in C&W Caribbean and Networks & LatAm operations and in Costa Rica.
Key Takeaways
Liberty Latin America reported flat revenue year-over-year at $4.8 billion for FY 2022, with a 1% increase on a rebased basis. Q4 2022 revenue was $1.161 billion. Subscriber growth underpinned the performance with continued broadband additions across reporting segments. Focus in 2023 is on delivering further broadband and postpaid mobile subscriber growth, and making significant progress towards the successful integration of acquisitions in Puerto Rico, Costa Rica and Panama.
C&W Caribbean: Subscriber adds drove reported and rebased revenue up 3% and 4%, respectively for FY 2022.
C&W Panama: 25,000 broadband adds in the year drove fixed service revenue growth.
C&W Networks & LatAm: Reported and rebased revenue growth of 4% and 7%, respectively for FY 2022.
Liberty Puerto Rico: 36,000 broadband adds in 2022, Q4 up 35% YoY.
Forward Guidance
LLA Financial Guidance for FY 2023
Positive Outlook
- Adjusted OIBDA mid-to-high single digit rebased growth
- P&E additions as a percentage of revenue at ~16%
- Adjusted FCF of ~$300 million, before distributions to noncontrolling interests
Historical Earnings Impact
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Avg. Return Before/After Earnings
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